FCA backs down on evidence as two disciplinary claims referred to Tribunal

Disciplinary decisions by the regulator to fine and ban two individuals in the pensions investments sector have been delayed 21 months by discussions over the evidence, and have been referred by the men involved to the Upper Tribunal.

By Neasa MacErlean

In one of the cases, the regulator is "no longer asserting" five claims that it previously made and which are nevertheless detailed in the decision notice.